Thursday, January 15, 2015

Wonky

Social Security trustee Charles Blahous discusses the dynamics of Social Security's trust fund and the disability program. "The recently-enacted House rule conforms to the guidance repeatedly given by the program’s trustees on a bipartisan basis over several years. Those who suggest that DI’s impending reserve depletion warrants no action beyond taking revenues away from the Social Security retirement fund appear to be unfamiliar with the basis for the current allocation as enacted in 1994." Yeah, there's a lot of that going around.